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Yemen fuel price hikes deepen hardship as transport costs rise

shipping through the [Strait of Hormuz](/news/2026/5/6/french-container-ship-struck-in-latest-escalation-at-strait-of-hormuz), and a surge in transport and insurance costs

Iran war day 69: Tehran ‘reviewing’ US proposals; Israel bombs Beirut

shipping giant Hapag-Lloyd says the closure of the Strait of Hormuz is costing it about $60m a week in fuel and insurance

‘No clear strategy’: how Trump went from shock and awe to wait and see in Iran

Hormuz during the “tanker war” period of the Iran-Iraq war. But the US was not a combatant in that conflict, just one factor that could fail to pursuade shipping companies and insurers that

With 3,000 containers stuck in Pakistan, Iran explores more land routes

Hormuz-control regime. Then there’s a cost, say analysts and experts, that goes beyond the toll. ![Shipping containers are stacked at the Karachi port area in Karachi, Pakistan, July 31, 2025. REUTERS/Akhtar Soomro

When will Strait of Hormuz be ‘safe’ for commercial shipping again?

cost for Hormuz transits? Before the war disrupted traffic, war-risk premiums for the Hormuz transit were mostly priced at just below 0.25 percent of hull value. Even if the strait is reopened, they could

Map of dominance: Why Iran can’t afford to give up Hormuz control

insurers, shippers, and energy traders understand that military pressure on Iran will carry costs for global markets. That uncertainty alone can raise oil and LNG prices, increase shipping costs, and transmit the conflict into inflation

Hormuz effect? How US, China are ramping up tensions over the Panama Canal

insurance markets globally,” Khalique told Al Jazeera. James Kraska, Charles H Stockton Chair of International Law at the US Naval War College, told Al Jazeera, however, that the ongoing maritime crisis between

Pakistan opens up road trade routes into Iran amid Hormuz blockade

ships trying to pass through the Strait of Hormuz. The Ministry of Commerce issued the Transit of Goods through Territory of Pakistan Order 2026 on April 25, bringing it into immediate effect. The order allows

‘Turbulent and dangerous’: How shipping is the new global battleground

Strait of Hormuz without their permission, and have fired at some vessels. These tit-for-tat acts have amplified a global energy crisis, sending gas and oil prices to multiyear highs. “Even short

Does Trump hold ‘all the cards’ against Iran in the Strait of Hormuz?

Hormuz The vital waterway is Iran’s most significant strategic asset, the narrow passage ships one-fifth of the world’s oil and liquefied natural gas (LNG) supplies in peacetime. Tehran has effectively closed

US threatens shipping firms with sanctions if they pay Iran tolls

insurers and financial institutions, to violate sanctions. OFAC said it "will continue to aggressively target Iran's main revenue-generating sectors, in particular its petroleum and petrochemical sectors". The US Treasury also announced sanctions

Which airlines are cancelling flights to the UK - and what can you do?

Strait of Hormuz, which has effectively been closed to shipping since the start of March. Airlines are not physically running short of fuel currently, but there have been warnings of potential shortages by the summer

Shipping firms seek clarifications before crossing Hormuz

Hormuz, in terms of its compliance with freedom of navigation for all merchant vessels and secure passage,” said Arsenio Dominguez, secretary-general of the United Nations shipping agency, the International Maritime Organization. The Norwegian Shipowners

US-Iran ceasefire holds despite Hormuz standoff: Pentagon chief Hegseth

insurers to encourage vessels to pass through. “We have established a powerful red, white and blue dome over the strait,” the Pentagon chief said. “American destroyers are on station, supported by hundreds of fighter jets

Spirit Airlines tried to be the Dollar General of the skies. Then the big airlines beat it at its own game

shipping troubles in the Strait of Hormuz and the destruction of energy infrastructure in the Middle East, there was the energy price shock following Russia's invasion of Ukraine. Also in the 2020s, after

U.S. seizes Iranian cargo ship. And, tariff refund portal launches

ship,** Trump and Iranian officials had been [trading accusations](https://one.npr.org/?sharedMediaId=nx-s1-5791261:x) of ceasefire violations, NPR's Tamara Keith tells *Up First*. Trump wants the Strait of Hormuz reopened to stabilize oil markets